Central banks around the world acquired more than 23 tonnes of gold in July, marking the fourth consecutive month of purchases. The People’s Bank of China led the demand with a purchase of 20 tonnes, bringing its total acquisitions for the year to 60 tonnes. Poland followed with an addition of 8 tonnes, raising its total purchases to 90 tonnes. The year-to-date total stands at 130 tonnes, slightly below the 160 tonnes purchased during the same period last year. Current Polymarket data indicates a relatively low probability of gold reaching $15,000 by the end of 2026, with YES priced at just 1.5%.
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